Gold price increases 'hotly', people line up to buy silver on God of Wealth day

Silver transaction counter crowded with people waiting to buy - Photo: BK

In Hanoi , at nearly 12 noon on February 7 (January 10), on the "gold street" Tran Nhan Tong (Hai Ba Trung district), the number of people waiting in line to buy gold was larger than in the morning. The rain had stopped, the weather was less cold, around 14-15 degrees.

"Today is Friday, still a working day so many people choose to buy gold during lunch break. Some years it falls on the weekend, the number of customers in the early morning is very crowded," said a leader of Phu Quy gold and silver brand.

Taking advantage of lunch break to go buy gold and silver for luck, the number of customers lining up is still very crowded

Regarding price trends, the price of 9999 gold rings is listed by PNJ Company at 89.9 million VND/tael, an increase of 400,000 VND/tael compared to yesterday. The buying price is at 86.7 million VND/tael.

At Bao Tin Minh Chau Company, the selling price of gold rings, after falling sharply to 89.55 million VND/tael yesterday, increased by 400,000 VND/tael today, to 89.95 million VND/tael (selling) and 86.5 million VND/tael (buying).

Gold and silver price list on God of Fortune day

Similarly, at Phu Quy, the two-way price of round gold rings is listed at 86.40 - 89.90 million VND/tael.

A few days before God of Wealth Day, many gold shops in Hanoi reported that they were out of gold rings, but today, most shops said they have guaranteed supply and no limit on the number of purchases.

Besides gold, silver is also a metal that is "hunted" on God of Wealth day with different beliefs from people.

Ms. Hoang Thi Hanh, deputy director of Bao Tin Minh Chau gold exchange business, said the number of customers recorded at the store increased by 20-30% compared to the same period last year.

The best-selling products this year are the round, plain gold dragon rings. Ms. Hanh confirmed that the goods are full, not lacking, ready to serve customers. Also according to the representative of the Bao Tin Minh Chau gold brand, the God of Wealth gold week has been opened since the 6th day of Tet until now, the number of buyers is the main number, the number of sellers is less.

Not only did people jostle and wait for hours to buy gold, many also lined up to buy silver. Mr. Tran Thang (Hai Ba Trung district) held up his receipt and said: "I waited forever to buy 10 taels of silver. It costs less than gold, but it is also very meaningful to buy silver on God of Wealth day," Mr. Thang said.

Ms. Minh Huyen (Dong Da district) is also a person who chooses silver instead of buying gold with the belief that "gold brings fortune, silver brings health".

"Many people believe that silver is a metal that has a great effect on human health. This metal not only helps to avoid wind and colds, but also has antibacterial and anti-bacterial properties, so buying silver on God of Wealth's day is to pray for health," Ms. Huyen explained her decision.

A leader of Phu Quy gold and silver brand said that silver is not only a psychological and conceptual investment channel that attracts many customers recently.

"The capital is much lower than gold, while the yield since the beginning of the year has been more than 10%. This is a quite important reason why there are so many customers lining up to buy silver," he said.

Tuoitre.vn

Source: https://tuoitre.vn/vang-tang-nong-nguoi-dan-xep-hang-mua-bac-ngay-via-than-tai-20250207132739466.htm#content-2